Sales Concepts on www.ikclife.com

Sales Concepts available on the Desktop Illustration System Software are now available on www.ikclife.com. 

To access these Sales Concepts, log in at www.ikclife.com.  Note:  If you do not have a login you can create one by clicking on 'Create User,' or you can also use your existing www.kclic.net username and password to log in as well.

Once you have logged in, click on 'Illustration System' under the 'New Business Illustrations' tab.

Choose the product you would like to quote, type in the information for the client and click 'OK.'

If you click on the button to the far right, the Sales Concepts available for the product you selected will then be displayed.

Clicking the green 'Add' button on any Sales Concept will then allow you to add that Sales Concept to your illustration.

The Illustration Development Team
illustrationhelp@kclife.com
1-800-572-2467 x8162

New Login Information for www.ikclife.com

Did you know you can now log into ikclife using your existing kclic username and password? 

Simply navigate to www.ikclife.com and type in the username and password you use to access www.kclic.net and you will now be able to log into ikclife without having to create a separate username and password.

If you have an existing username and password for www.ikclife.com that differs from your www.kclic.net username and password, you will still be able to use your existing ikclife username and password to log in.

If you are having trouble logging into ikclife with your kclic username and password, you may contact Field Technology Support at 1-800-572-2467 x8511 or email fieldtechsupport@kclife.com.  For all other login inquiries, please contact us at 1-800-572-2467 x8162 or email us at illustrationhelp@kclife.com.

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com

The Inforce Requester

Did you know that you can request inforce policy illustrations at www.ikclife.com?

To request an inforce policy illustration, navigate to www.ikclife.com and click on Inforce Requester.

Fill in the necessary information for your request.

Select "Current" from the dropdown if you would just like a current illustration. If you would like something other than a current illustration, select "Other" and type in a description for your request. Be sure to fill in all necessary information so we can contact you if needed.

Once you have filled in all of the information click "Submit Request."  If the request is for a current illustration and the policy is assigned to you as the Agent, when possible, the illustration will be sent to the email address we have on file within seconds.  If the request involves manual processing, it will be handled and emailed to you within a few business days.

Illustration Development Team
illustrationhelp@kclife.com

Wizards on www.iKCLife.com

There are many Wizards available on iKCLife that are all very useful tools for you! 

 

To access the different Wizards navigate to www.ikclife.com and log in.  If you do not have a login, you can create one by clicking on Create User.

 

Once you have logged in, click on the tab named Wizards.

 

 

This will bring up the list of available Wizards.

 

 

If you have any questions on how any of the Wizards work please feel free to contact us and we will be more than happy to help you!

 

 

Have a Great Day,

 

The Illustration Devoplement Team

1-800-572-2467 x8162

illustrationhelp@kclife.com

 



New Product Guide

A new Product Guide is now available on both the Desktop and Online Illustration Systems.

To access the new product guide online, log in at www.ikclife.com.  If you do not have a login, you can create one by clicking on Create User.

 

  Once you have logged in, click on Illustration System under the New Business Illustrations tab.

The new Product Guide can then be accessed by clicking on the book at the top of the screen.

 

To access the new Product Guide on the desktop version of the Illustration System, open the Illustration System and click on the book at the top of the screen.

 

To use the new Product Guide, click on the bookmark at the top left of the screen.  This will break down the products by type.  Click on the product in the list that you would like to view and you will automatically be taken to that page of the Product Guide.

Based on your version of Adobe Reader, you may not initially see the bookmark when you open the Product Guide.  If you do not see the bookmark, place your cursor at the bottom of the first page of the guide and a pop up toolbar will appear.  Click on the Adobe logo and you will then have the option to click on the bookmark at the top left of the page.

 

 

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com 

Calculating Pending Policy Premium Changes

After an application is submitted to Underwriting, if a change is made that would affect the premium for the client, the new premium will need to be calculated.

 

For example, if an application is submitted for a Level 20 for a Male, age 48, at Standard Non-Tobacco and after review is then offered at a Table B, the new premium can be calculated using the Desktop or Online Illustration System.

 

The Online Illustration System can be accessed by navigating to www.ikclife.com and logging in.  If you do not have a login, you can create one by clicking on 'Create User.'

Once you have logged in, click on 'Illustration System' within the 'New Business Illustrations' tab.

This will bring up the Online Illustration System.  To calculate the new premium, enter in the information for the client:

 

Since the policy is being offered at Table B, we will need to add in the table rating.  We will add this as a '2' in the box highlighted below.  A table rating of '1' corresponds to a Table A, a table rating of '2' corresponds to a Table B, and so on.  Entering in the table rating for the Level 20 will automatically display the new premium in the premium box on the left. 

 

 

 

While term quotes automatically display the premium upon entering in the client information, Universal Life quotes give you the ability to calculate the premium since the premium is flexible with these type of products.

 

Let's take the same information used before, but assume the client submitted a Supernova Application and, after review, the policy was being offered at Table B. 

 

To calculate the new premium, enter in the information for the client, including the Table B rating.  Since premium is flexible with the Supernova, we will need to calculate the new target premium.  To do this, click on the 'C' that is highlighted below.

 

 

When the box comes up, click on 'From Specified Amount' and click the 'C' next to 'Target.'  This will display the new Target Premium based on a Table B rating.  Since premium is flexible, the premium can then be adjusted accordingly so that the policy performs at the level desired.

 

 

 

Illustration Development Team

illustrationhelp@kclife.com

1-800-572-2467 x8162



 



Adding Riders on the New Business Illustration System

Recently we've received some calls asking how to add riders to an illustration in the New Business Illustration System so I wanted to take some time today to show you how that can be done.

To begin, log in at www.ikclife.com.

Once you have logged in, click on Illustration System.  Proceed to enter in the information for the illustration.

All available riders for the chosen product will be listed under the Riders section.

Simply check mark all riders that you would like to add to the illustration.

If you select a rider that requires configuration, it will show up in the Rider Information section.

Once you select the rider from the drop down menu you can update any of the rider information.  After you have made the changes, click on the X in the upper right corner to close the box.

If you have any further questions on how to add a rider to an illustration or any other questions, feel free to give us a call and we can help you out!

The Illustration Development Team

illustrationhelp@kclife.com

1-800-572-2467 x8162

Updating Agent Information on the Desktop Illustration System

Adding or updating Agent Information on the Desktop Illustration System can be completed in just a few simple steps.  Information you have made available in the Agent Management section will show up on the front page of any quotes you complete so that potential clients have all of your information should they need to contact you.

 

To add or update this information on the Desktop Illustration System, navigate to Tools at the top of the screen and select Agent Management.

 

 

To add your information, click on the Add button.  Fill in all applicable information and click OK. 

  

 

 

 

To update your information, select your Agent number and click on the Update button.  Change any applicable information and click OK.

 

 

Any information that was added or updated will then show up when you run quotes for your clients on the first page of the illustration.

If more than one Agent uses the Desktop Illustration System, you can switch between Agents to ensure that the proper Agent information shows up on quotes that Agent ran.  To change the current Agent on the Desktop Illustration System, click on Tools at the top of the screen and click on Change Current Agent.  Choose the desired Agent number in the dropdown and click OK.  That Agent's entered information will now appear on the quote when it is run.

 

 

 

The Illustration Development Team
illustrationhelp@kclife.com
1-800-572-2467 x8162

The EquiFlex is Here!

Beginning today the EquiFlex is available for quoting and issue!  The EquiFlex is now available on both the Desktop Illustration System and the Online Illustration System.

The EquiFlex Indexed Universal Life is a flexible premium universal life product with an index option.  Indexed universal life functions similarly to universal life, however the client can choose to invest their policy's values into a fixed account or an indexed account.  Money allocated to the indexed account is divided into segments, where each segment earns indexed credits based on the performance of an outside index, subject to declared parameters (such as a cap or participation rate).  Although the policy's values can vary according to the performance of an outside index, the policy's values are not invested in outside investments.

Here is some basic information about the EquiFlex:

                

               Issue Ages                

20-80 (PENT, PNT, SSNT, NT)

20-70 (PT, T)

(Age Nearest Birthday)

Risk Classifications

Preferred Elite Nontobacco (PENT)

Preferred Nontobacco (PNT)

Standard Select Nontobacco (SSNT)

Standard Nontobacco (NT)

Preferred Tobacco (PT)

Tobacco (T)

Minimum Issue Limits

$100,000 for ages 20-49

$50,000 for ages 50+

Coverage Options

Option A

Option B

Option C

 

Guranteed Interest Rate for Fixed Account

1.0%

 

Minimum Guaranteed Rate for Indexed Accounts

0%

 

Riders

Accidental Death Benefit (ADB)

Assured Insurability (AI)

Childrens' Term Insurance (CTI)

Disability Continuance of Insurance (DCOI)

Disability Payment of Premium (DPP)

Enhanced Lifving Benefits Rider (ELB)

Income Assured Option (IAO)

Living Benefits Rider (LBR)

Other Insured Rider (OI)

Overloan Protection Rider (OPR)

Terminal Illness Rider (TIR)

 

DEFRA Testing

Guideline

Cash Value Accumulation Test

For additional questions about the EquiFlex or for help in setting up a quote on this new product, please feel free to contact us. 

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com

Running Inforce Illustrations

Most inforce policy illustrations can be done through our website, www.ikclife.com. Here is some information on how to run inforce illustrations for your clients.

 

If you are the assigned agent, the policy has been in force for at least one year, the policy is above the minimum specified amount, and the product type is in our list of illustratable inforce products below, then the ability to run an inforce illustration is at your fingertips!

 

To take advantage of this tool, navigate to www.ikclife.com and log in.

 

PLEASE NOTE: If you do not have a username and password, you can create one by clicking on ‘Create User.’

 

 

 

Once you have logged in, click on the Inforce Illustrations tab and click on "Run Inforce Illustrations."

 

 

Type in the policy number you are trying to access and click, “OK.”

When the policy summary comes up, if you would like to make hypothetical changes and run inforce illustrations, click on "View Illustration" at the bottom of the page.

You will then be directed to the input screen. Here, you can make hypothetical changes to the policy by clicking on the change buttons. Once changes have been made, click on the magnifying glass to run the illustration. If you would like a current illustration to see how the policy is performing, click on the magnifying glass to run it and you will be presented with a current policy illustration.

We have provided you with many options when running inforce illustrations to help you meet the need of your existing clients, so please feel free to call us with your questions. We would be happy to spend some one-on-one time helping you walk through any inforce requests you receive.

Illustration Development Team
illustrationhelp@kclife.com
1-800-572-2467 x8162

 

Term Quoter on www.iKCLife.com

The Illustration Development Team is excited to announce our new KCL Term Quoter on www.iKCLife.com.  The KCL Term Quoter allows you to quickly run level term quotes, and only generate illustrations when you need them.  To watch a video below and learn more about how the Term Quoter works, click on the link below:

http://www.ikclife.com/

You will be prompted to log in.  If you do not have a log in, you can create one by clicking on 'Create User.'

Once you have logged in, click on 'Training' at the top and click on the 'Videos' tab.

To view the How-To video on the Term Quoter, click on the iKCLife videos and choose the Term Quoter.

 

Click here to check out the Term Quoter, and start generating quotes for your clients right away!

We've also put together a great Help Page which explains the Term Quoter in more depth, including browser specific questions you may have.  Click here to view the Help Page now.